New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-07

The bank exchanges at the NewYork Clearing House
and the stock sold at the NewYork Stock Exchange for
the weeks of three years compare as follows:
Week ending Feb lisp Fob g. 1885 Feb s 1881 I
EsCs sasss sold
The local iooney market last week developed nothing
new and the common ratio FOR call loans upon .eeItI1s
than heretofore ut idi2 per cent AMI hrstelass bust
ness paper was easily sold at 49e5 per cent Inc
favorable for this centre but mt chicago New-fOrk
ns we're re, en sTcSnnre. OF ruled s4one @
rates wero advanced early In the week TO
for long and sterling and after that the rates were
unchanged tho close. The reduction OF the Bank of
England rate OF discount Thursday from to per
cont had no other effect than harden the for long
bills The present rates for foreign exchange now are
CONDITIONS beinv favorable gold might he exported. aud
there xpectation that some gold VIII be ship
ped during the coming week Hence already the pfonabe
shipment Of gold. which is usual at this season OF the
year. being used for scaecrow in speculative circles
There Is little probability that the gold shipments FOR tho
coming season will aggregate the amount shipped last
spring and II II should. there would be no occasion
Tor alarm concerning the money market From now TILL
after the middle OF March judging by past seasons there
is reason expect that the flow OF money from the inte
ror into the New York banks Will exceed the absorpons
by the Treasury and the amount of probable exports
In the paragraph above relating to the bank statement
show that the surplus reserve at TINS date Is largely
in excess OF the corresponding dates OF any years
between 1877 aud 1881 As 1877 marked the culmnat-
ing period of series OF OF depression with the
the succeeding food tide OF prosperity we see that the
surplus for the first week in February was smaller
ench wear until IN SsO-he booming year-the surplus
was only 80 300 900 against $23, 600 IN ISL Inc
unusually large surplus OF nearly soooooooo ~ ins
date I'm 1885 the result OF arother period OF
depression With some Improvement made
during the year 1882 we and so the noo o surplus
now IL Is still further reduced TO Yli6ooOoo 10 those
who have confidence In Benners theories OF circles these
compnrsons are full OF significance Again tile scare re-
garng accumulation OF money In tho treasury does
not seem to be based upon matters OF fact On last
Thursday we showed by the statistics 'nat w %n',
the Treasury's net balances OF cash on hami
and han @ January 81
that as there had been coined during the year some t
~, the General circulation S0O83 600 despite the Treas
urys accumulation 80 far AS the exports au imports
gold relate to the subject ior e Twelve mouths ehdeu
Decenber 81 1886, tho total imports exceeded the ex
ports by S2J $685. hence the country possesses All inc
gold held year ago p'so years produc,s OF us
mines amounting 10 ABOUT pooVoo'oVV' ios' "n"' "''
been used In the arts . ,, l., .,,. ,.. ,..
Tho continuation of the labor troubles In ths city mas
serously with trade movements Ia New
and also what affected those OF other el,ss m 0
Instances other shipping POINTS po%xsRoreman In
turning bread and butter away from iaer o st
Week WEE seS Se &' only $500 bales against bales 70,
the preceding week 600 but h.,s h0 snS Rtppes
1910 bales against 1850 baes thus Boston and Balt-
mare took nearly all that New-York lost The total ex-
of cotton for the whole country were l3l O37 bales
r the week against 90 bales for the corresponding
week OF 1856 Tue movement OF grain from TINS port has
INABILITY to move the stuff Hence, the prices
have ruled weak. and only feebly responded L., to
during the week There s however every to be-
cve that, peace or war; Europe must take very large
mart surplus before the Incoming OF the next CROP
aud with To the tailoring casscs
the rapdy of the outward movement VIII be aeceler-
ated by the enforced delay In other branches OF busi
ness the hopeful expectations INDUCED in but
they all none or less affected by the embargo placed
upon traffic. .
AT Stock Exchange last week peculiar one In
more than respect II was week o. sensations one
with many facts aud many ruinors OF depressing
character and altogether 1t was bear" week, when
gives with the nal changes material advsnces IN s
all the active stocks Rum0rs OF war. which were SUM-
Gent to produce genuine paniss upon tho prihopai
Continental bourses OF Europe; . steady and con
tined by the master knights OF LAooE
In ordering their followers to stop the wheels Oh COM
merce that the Interstate Coinmerco
Iii WAS aligned aud that would not DO ngneo ana IA